Bitcoin mining firm Bitdeer has reduced its corporate Bitcoin holdings to zero after liquidating 943 BTC from its treasury and selling all newly mined coins during the reporting period. According to its latest operational update, the company produced 189.8 BTC and sold the full amount, alongside the reserves previously held on its balance sheet.
The decision marks a notable shift in treasury management for a sector that typically retains a portion of mined Bitcoin to maintain price exposure. While routine sales to cover electricity, hosting, and hardware costs are standard across the mining industry, a full liquidation of reserves is relatively uncommon and signals a more defensive liquidity posture.
The move comes as miners face sustained margin pressure following the 2024 halving, rising operational costs, and increased competition. Bitdeer has also announced a $300 million convertible note offering aimed at funding data center expansion, AI cloud initiatives, and hardware development, underscoring a broader industry trend toward diversification into AI infrastructure and alternative revenue streams.
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